rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Apple has no plans to make iPhones in India yet

Apple has no plans to make iPhones in India yet

Last updated on: August 03, 2016 17:56 IST

Tim Cook

Apple has been lobbying hard for exemption from the mandatory 30 per cent local sourcing on the ground that its products have such high-end technology that these cannot be sourced locally here.

Apple chief executive officer Tim Cook during his visit met Prime Minister Narendra Modi and spoke of possibilities of manufacturing, but the company has not submitted any proposal with the IT Ministry to set up its plant in India, Parliament was informed on Wednesday.

Cook visited Hyderabad on May 20 to launch the technology centre relating to their maps division in presence of Chief Minister of Telangana K Chandrashekar Rao, Minister of State for Electronics and Information Technology P P Chaudhary said in a reply to the Lok Sabha.

"He also called on the Prime Minister on May 21, 2016.

"He shared Apple Inc's future plans for India and spoke of possibilities of manufacturing and retailing in India. There is no proposal with this ministry from Apple Inc to set up a manufacturing unit in the country," Chaudhary said.

After meeting senior officials from manufacturing giant Foxconn, partner of Apple, the then telecom minister Ravi Shankar Prasad in May had said the Cupertino-based technology major was coming to manufacture iPhones in India.

Apple has been lobbying hard for exemption from the mandatory 30 per cent local sourcing on the ground that its products have such high-end technology that these cannot be sourced locally here.

The government in June relaxed FDI norms by giving a three-year exemption from local sourcing to foreign players in single-brand retail and a further five-year relaxation for 'state-of-the-art' and 'cutting-edge' technology.

Image: Apple CEO Tim Cook waves as he arrives on stage to deliver his keynote address at the Worldwide Developers Conference in San Francisco, California, United States June 8, 2015. Photograph: Robert Galbraith/Reuters

© Copyright 2018 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.